U.S. Treasury Yields Rise After Consumer Spending Data

By Johanna Bennett

The Department of Commercereported Friday that consumer spending rose 0.3% in February on a seasonally adjusted basis, the fastest rate since November as Americans spent more on health care and utilities but purchases of big-ticket items such as new cars fell for the third straight month.

The 30-year note fell 6/32 to yield almost 2.537%. Yesterday, the bond’s yield sank to a nine-month low, falling below 3.5% for the first time since July before climbing back to end the day at 3.526%, according to the WSJ.